Tech Platforms
Technology platforms enabling white-label stablecoin issuance, ranked by total market cap.
Open Issuance
2 stablecoins
Market Cap$143.9M
Market Share40.2%
Issuers
Bridge
Native Markets
Tokens
CASH
USDH
Chains

M0
8 stablecoins
Market Cap$99.6M
Market Share27.8%
Issuers
Bridge
MXON
MoonPay
SSaturn
Tokens
mUSD
USDN
USDK
USDSC
ctUSD
XO
usualM
USDat
Chains



+2
Ethena
2 stablecoins
Market Cap$68.1M
Market Share19.0%
Issuers
Ethena
Tokens
jupUSD
USDM
Chains

Paxos
1 stablecoin
Market Cap$40.6M
Market Share11.3%
Issuers
Paxos
Tokens
USDP
Chains

Brale
2 stablecoins
Market Cap$5.6M
Market Share1.6%
Issuers
Brale
Tokens
SBC
USDGLO
Chains

